Silvergate Bank

White House ‘Aware Of’ Silvergate Situation, Spokeswoman Says

White House press secretary Karine Jean-Pierre said the Biden administration is monitoring Silvergate Bank's (SI) situation, comparing it with those at other crypto companies...

By CoinDesk Inc

Mar 7, 2023 at 4:18 p.m. UTC

Mar 7, 2023

Nikhilesh DecdtvFM ClipWhite HouseSilvergate BankJoe BidenKarine jean pierre

Finance

Circle

Dapper Removes ACH Withdrawal Option, Citing Circle

Wire transfer and USDC remain an option for Dapper users.

By Sam Reynolds

Mar 7, 2023 at 4:03 a.m. UTC

Mar 7, 2023

CircleSilvergate BankSilvergate Exchange NetworkDapper Labs

Consensus Magazine

Opinion

Crypto’s Banking Problem Is Not Ironic

Call it Choke Point 2.0, debanking or whatever, the crypto industry’s problems with the banking industry show why the banking industry needs reform.

By George Kaloudis

Mar 6, 2023 at 9:35 p.m. UTC

Mar 6, 2023

OpinionThe NodeNewslettersBankingBanking RegulationCashSilvergateSilvergate BankElizabeth WarrenWhite House

Markets

Hany rashwan

21.co CEO Sees ‘No Material’ Impact on Bitcoin Following Silvergate’s SEN Platform Closure

Hany Rashwan, co-founder of the Zug, Switzerland-based ETP provider, says bitcoin’s price is being driven by more macroeconomic factors, including inflation and East Asian tra...

By Fran Velasquez

Mar 6, 2023 at 6:00 p.m. UTC

Mar 6, 2023

Hany RashwanCoinDesk TVSilvergate BankChina

Bitcoin Trading Flat as Silvergate Closes SEN Platform

Video

Cdtv

Bitcoin Trading Flat as Silvergate Closes SEN Platform

Bitcoin (BTC) hovered above $22,400 as Silvergate Bank, which warned last week about its ability to remain in business, discontinued its SEN platform that institutions used to...

By CoinDesk Inc

Mar 6, 2023 at 3:30 p.m. UTC

Mar 6, 2023

cdtvFM ClipInflationSilvergate Bankcrypto marketsHany RashwanSen

Finance

Bcb group

Crypto Banking Firm BCB Prepares U.S. Dollar Payments to Plug Silvergate Gap

BCB Group CEO Oliver von Landsberg-Sadie said he hopes to have dollar fiat-to-crypto rails in place and ready to go live early in the second quarter.

By Ian Allison

Mar 6, 2023 at 9:46 a.m. UTC

Mar 6, 2023

BCB GroupPayments NetworkSilvergate BankSignature Bank

(Charlotte Harrison/Unsplash, modified by CoinDesk)

Policy

Analysis

The Rise and Fall of Silvergate’s Crypto Business

The bank’s own data shows the rapid acceleration of its novel crypto-banking business and how leaning into digital assets made it vulnerable to the industry’s drama.

By Jesse Hamilton

Mar 3, 2023 at 10:02 p.m. UTC

Mar 3, 2023

AnalysisBankingRegulationSilvergate BankFDICUS

Silvergate Bank's woes are slamming the broader crypto market. (Will Foxley/CoinDesk)

Markets

First mover

First Mover Americas: Crypto Markets Sinking on Silvergate

The latest price moves in crypto markets in context for March 3, 2023.

By Lyllah Ledesma Omkar Godbole

Mar 3, 2023 at 1:34 p.m. UTC

Mar 3, 2023

First MoverMarketsBitcoinSilvergate BankFTX

Policy

Regulations

Was Silvergate on Borrowed Time as Regulators Backed Banks Away From Crypto?

As customers abandon the prominent California-based crypto bank, its future gets increasingly murky.

By Jesse Hamilton

Mar 3, 2023 at 1:24 a.m. UTC

Mar 3, 2023

RegulationsSilvergateSilvergate BankFederal ReserveFDICDFPIBank Run

Finance

Microstrategy

MicroStrategy Says It Doesn’t Have Any Assets Custodied With Silvergate

The company did receive a $205 million loan from Silvergate in March 2022, but MicroStrategy said the loan terms wouldn’t change in case of insolvency.

By Helene Braun

Mar 2, 2023 at 8:42 p.m. UTC

Mar 2, 2023

MicroStrategySilvergate BankLoan